{"id":777001160,"date":"2022-12-19T12:51:31","date_gmt":"2022-12-19T15:51:31","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777001160"},"modified":"2026-04-23T01:55:26","modified_gmt":"2026-04-23T04:55:26","slug":"sjm-holdings-to-renovate-grand-lisboa","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/sjm-holdings-to-renovate-grand-lisboa","title":{"rendered":"SJM Holdings to renovate Grand Lisboa"},"content":{"rendered":"\n

SJM plans to invest MOP2.5bn to add more non-gaming activities to its flagship hotels.<\/p>\n\n\n\n\n\n\n\n

Macau.- Daisy Ho Chiu Fung<\/strong>, co-chairman and executive director at SJM Holdings, has announced plans to invest an aggregate of MOP14.03bn in Macau for the next ten years. Approximately MOP12bn will be invested in non-gaming capital investment and events, and MOP2.03bn in gaming for capital investment. <\/p>\n\n\n\n

SJM will invest MOP2.5bn <\/strong>to renovate its two flagship hotels, the Grand Lisboa Hotel and the adjacent Grand Lisboa Casino Hotel, to add more non-gaming activities<\/a>. According to Ho, the renovation of the Grand Lisboa will be completed in 2024 and put into operation a year later. The renovation of the Grand Lisboa Hotel will be completed in 2027 at the earliest.<\/p>\n\n\n\n

The company said it will also bring in experts to renovate its defunct floating casino, the Macau Palace<\/strong>, which will be located at Pier 14 in the inner harbour. It will no longer be a casino, but will be turned into a dining and retail venue and a museum of gaming culture.<\/p>\n\n\n\n

Ho said that Grand Lisboa will expand its MICE facilities <\/strong>with a new garden-themed venue suitable for small to medium-sized events. She said community tourism is also a focus of SJM’s 10-year plan.<\/p>\n\n\n\n

Through a \u201cMacau Historic Centre Revitalisation Plan\u201d, the company aims to revitalise Avenida de Almeida Ribeiro, the city\u2019s main downtown thoroughfare. It aims to create a “thriving cultural district with a strong sense of local community” to attract international tourists and benefit local small and medium enterprises.<\/p>\n","protected":false},"excerpt":{"rendered":"

SJM plans to invest MOP2.5bn to add more non-gaming activities to its flagship hotels.<\/p>\n","protected":false},"author":176,"featured_media":19388,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"SJM Holdings plans a MOP14.03bn investment in Macau over the next decade, with MOP12bn allocated to non-gaming capital investment and events, and MOP2.03bn to gaming. Key projects include extensive renovations of the Grand Lisboa Hotel and Casino, MICE facility expansion, and the transformation of the Macau Palace into a non-gaming cultural venue, aligning with a broader community tourism and revitalisation strategy.","focusai_entities":"SJM Holdings, Daisy Ho Chiu Fung, Grand Lisboa Hotel, Grand Lisboa Casino Hotel, Macau Palace","focusai_location":"Macau","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Non-Gaming ROI Projections?","query":"What are SJM's projected return on investment (ROI) timelines and key performance indicators for the MOP12bn non-gaming capital expenditure, and how will this impact the company's overall EBITDA margins?"},{"label":"Competitive Landscape Impact?","query":"How will SJM's aggressive non-gaming diversification strategy alter the competitive landscape among Macau concessionaires, and what are the anticipated regulatory responses to this significant pivot?"}],"footnotes":""},"categories":[157,16338],"tags":[23108],"class_list":["post-777001160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-sjm-holdings"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777001160"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001160\/revisions"}],"predecessor-version":[{"id":777001197,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777001160\/revisions\/777001197"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19388"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777001160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777001160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777001160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}